This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
Undergraduate Tuition. Texas Tech University tuition is $5,277 per year for in-state residents. This is 20% cheaper than the national average public four year tuition of $6,614. The cost is 64% cheaper than the average Texas tuition of $14,813 for 4 year colleges. Tuition ranks 22nd in Texas amongst 4 year colleges for affordability and is the 87th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $14,637 which represents a 177% premium.